Comparative Study of the Spillover Effects of Hong Kong and Macau's Educational Investment on Regional Economic Growth Based on Feder Model

DOI

10.2991/erms-18.2018.42How to use a DOI?

Keywords

Educational investment, Economic growth, Spillover effect, Feder model

Abstract

In this paper, we use Feder model to compare the contribution of education investment to economic growth and spillover effects in Hong Kong and Macau Special Administrative Region in the past 2002-2015 years. The study shows that the educational input of the two places has an obvious boost to economic growth, but it has a difference in time. At the same time, the contribution of education in Macau is greater than that of Hong Kong; the educational input of the two places is more effective for the non education sector, and Hong Kong is effective for a long time, while Macau only has the short term spillover effect and the long term is negative. The efficiency of education departments in both places is lower than that in non education sectors. In this regard, this paper suggests that the government of Macau should optimize and upgrade its industrial transformation and study abroad policy.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lin Xu
AU  - Jun Zhu
AU  - Yan Liu
PY  - 2018/04
DA  - 2018/04
TI  - Comparative Study of the Spillover Effects of Hong Kong and Macau's Educational Investment on Regional Economic Growth Based on Feder Model
BT  - Proceedings of the 2018 International Conference on Education Reform and Management Science (ERMS 2018)
PB  - Atlantis Press
SP  - 226
EP  - 230
SN  - 2352-5398
UR  - https://doi.org/10.2991/erms-18.2018.42
DO  - 10.2991/erms-18.2018.42
ID  - Xu2018/04
ER  -